FXStreet — The Danske Bank Analyst Jens Pedersen notes that the Pair is trading in the Range of 1.06/1,10.
«The Majors are going to wait prior to the FOMC meeting on Wednesday and the US jobs report on Friday alone. Recent US data indicate a slowing of growth and Inflation, after which it was to come in the March interest rate increase.»
«Should comment on the Fed this Wednesday, this will be interpreted by the market as dovish, which will affect the USD negatively. The comments are balanced and there is evidence of a reduction in the balance sheet, this would be USD-positive.»
«Macron is the opinion polls, is still at the front, before next Sunday the 2. Round of the French presidential elections takes place. It is unlikely that the Fed significant Changes to its monetary policy, carries out and so will the EUR/USD is likely in his Range of 1.06-1.10 for the stay.»
** FXStreet News Editorial, FXStreet**